C.R.S. Section 31-30-1122
Retirement pension

(1)

The board of a municipality, with the prior consent of the municipality’s governing body, or the board of a fire protection district or county improvement district may pay a retirement pension to a volunteer firefighter who has twenty years of active service and who is over the age of fifty years. The retirement pension shall be an amount determined by the board of not more than one hundred dollars per month, unless an actuarial review indicates a higher payment is actuarially sound; except that any such amount determined by the board of a municipality shall be made with the prior consent of the municipality’s governing body. Pensions that make payments in excess of three hundred dollars per month are subject to the state contribution limitation specified in section 31-30-1112 (2)(b). Except as provided in section 31-30-1132, a volunteer firefighter shall not receive a retirement pension for service in a fire department while the firefighter is an active member of that department. A volunteer firefighter shall maintain a minimum training participation in the fire department of thirty-six hours each year to qualify for retirement benefits. A volunteer firefighter who has served twenty years and who has not reached the age of fifty years may be granted a leave of absence and retain all rights to a retirement pension and is entitled to the retirement pension when the firefighter is fifty years of age.

(2)

Notwithstanding subsection (1) of this section, the board may pay a retirement pension to a volunteer firefighter who has less than twenty years of active service if the municipality’s or district’s fund is actuarially sound. The board shall determine the period of active service necessary to qualify for this retirement pension, but in no event shall such period be less than ten years of active service. The board shall not pay this retirement pension until the volunteer firefighter is fifty years of age. The amount of this retirement pension shall be determined by prorating the amount of the retirement pension under subsection (1) of this section based on the volunteer firefighter’s years of service.

(3)

Whenever the board increases the retirement pension benefit payable pursuant to subsection (1) of this section, such increase may also be applied to the pension benefit of any retired volunteer firefighter receiving the pension benefit specified in subsection (1) of this section at the time of such increase. The applicable pro rata share of any such increase, based upon the number of years of service, may also be applied to the pension benefit of any retired volunteer firefighter receiving the pension benefit specified in subsection (2) of this section at the time of such increase. Whenever the board elects to apply any retirement pension increase permitted under this subsection (3), the board shall apply such increase to the retirement pension of all retired volunteer firefighters in a fire department who are eligible for such increase under this subsection (3). Any actuarial review required under subsection (1) of this section shall include the cost of any retirement pension increase permitted under this subsection (3).

Source: Section 31-30-1122 — Retirement pension, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑30‑101
Authority to provide for classified departments 31‑30‑102
Civil service commission - withdrawal 31‑30‑103
Purpose 31‑30‑104
Contract for conducting examination 31‑30‑105
Ordinance - violation 31‑30‑106
Police to provide identification cards to retired peace officers upon request - definitions 31‑30‑107
Disclosure of knowing misrepresentation by a peace officer required - disclosure waivers - reports - definitions 31‑30‑108
Peace officer hiring - required use of waiver - definitions 31‑30‑109
Behavioral health professionals - grant applications encouraged - definition - repeal 31‑30‑201
Authorization - petition - election 31‑30‑202
Commissioners appointed - terms - vacancies - expenses allowed 31‑30‑203
Merit 31‑30‑204
Removal - public hearings 31‑30‑205
Commission to make rules 31‑30‑206
Positions retained 31‑30‑207
Commission to make inquiries - record - report 31‑30‑208
Fee of applicants 31‑30‑209
Powers of commission 31‑30‑210
Qualifications - notice of examination 31‑30‑1101
Short title 31‑30‑1102
Definitions 31‑30‑1103
Board of trustees - fund 31‑30‑1104
Board - municipality 31‑30‑1105
Board - fire protection district 31‑30‑1106
Board - county improvement district 31‑30‑1107
Board - consolidation or merger 31‑30‑1108
Board powers and duties 31‑30‑1109
Attorney representation 31‑30‑1110
Property tax - other tax revenue 31‑30‑1111
Contribution to fund 31‑30‑1112
State contributions - intent 31‑30‑1113
Fund investments 31‑30‑1114
Fund investment in insurance 31‑30‑1115
Warrants 31‑30‑1116
Treasurer - custodian - segregation of moneys 31‑30‑1117
Exemption from levy 31‑30‑1118
Fund use - other purposes 31‑30‑1119
Board report - municipality 31‑30‑1121
Disability pension - rules - hearing 31‑30‑1122
Retirement pension 31‑30‑1123
Retirement pension - sources of payment 31‑30‑1124
Compliance - insufficient moneys 31‑30‑1125
Supplemental retirement pension 31‑30‑1126
Survivor benefit 31‑30‑1127
Survivor benefit - death from injuries in the line of duty 31‑30‑1128
Optional survivor benefits 31‑30‑1129
Funeral benefit 31‑30‑1130
Fire department dissolution 31‑30‑1131
Volunteer firefighter - employment termination restricted 31‑30‑1132
Retired firefighter - return to active service - benefits 31‑30‑1133
Qualification requirements - internal revenue code - definitions 31‑30‑1134
Statewide accidental death and disability insurance policy - department of local affairs 31‑30‑1201
Short title 31‑30‑1202
Definitions 31‑30‑1203
Volunteer service award plan 31‑30‑1301
Short title 31‑30‑1302
Definitions 31‑30‑1303
Group health insurance plan
Green check means up to date. Up to date

Current through Fall 2024

§ 31-30-1122’s source at colorado​.gov